Learn to Evaluate (RY) using the Charts
December 27, 2024, 11:06 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RY
- Buy RY near 120.29 target 125.88 stop loss @ 119.94 Details
The technical summary data tells us to buy RY near 120.29 with an upside target of 125.88. This data also tells us to set a stop loss @ 119.94 to protect against excessive loss in case the stock begins to move against the trade. 120.29 is the first level of support below 120.9 , and by rule, any test of support is a buy signal. In this case, support 120.29 would be being tested, so a buy signal would exist.
- Short RY slightly under 125.88, target 120.29, stop loss @ 126.24 Details
The technical summary data is suggesting a short of RY as it gets near 125.88 with a downside target of 120.29. We should have a stop loss in place at 126.24though. 125.88 is the first level of resistance above 120.9, and by rule, any test of resistance is a short signal. In this case, if resistance 125.88 is being tested, so a short signal would exist.
Swing Trading Plans for RY
- Buy RY slightly over 125.88, target 131.19, Stop Loss @ 125.52 Details
If 125.88 begins to break higher, the technical summary data tells us to buy RY just slightly over 125.88, with an upside target of 131.19. The data also tells us to set a stop loss @ 125.52 in case the stock turns against the trade. 125.88 is the first level of resistance above 120.9, and by rule, any break above resistance is a buy signal. In this case, 125.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RY slightly near 125.88, target 120.45, Stop Loss @ 126.24. Details
The technical summary data is suggesting a short of RY if it tests 125.88 with a downside target of 120.45. We should have a stop loss in place at 126.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 125.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RY
- Buy RY slightly over 121.27, target 125.88, Stop Loss @ 120.99 Details
If 121.27 begins to break higher, the technical summary data tells us to buy RY just slightly over 121.27, with an upside target of 125.88. The data also tells us to set a stop loss @ 120.99 in case the stock turns against the trade. 121.27 is the first level of resistance above 120.9, and by rule, any break above resistance is a buy signal. In this case, 121.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RY slightly near 121.27, target 120.45, Stop Loss @ 121.55. Details
The technical summary data is suggesting a short of RY if it tests 121.27 with a downside target of 120.45. We should have a stop loss in place at 121.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Royal Bank Of Canada (RY) available here: RY.
RY Ratings for December 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
120.29 |
| P2 |
120.11 |
118.47 |
125.88 |
| P3 |
121.27 |
120.45 |
131.19 |
AI Generated Signals for RY
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Royal Bank Of Canada (NYSE: RY) report below can help you understand how to do this. The trading plans for RY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RY:
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